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29. Feb. 2024 · The Case for a 100 Percent Gold Dollar. Rothbard shows how money must originate from a commodity. In an ideal system, a dollar would be a unit of weight, and paper money would operate strictly as warehouse receipts for the stock of the monetary metal. There would be no fractional reserve banking.
The Ludwig von Mises Institute • 15. The Case for a 100 Percent Gold Dollar. this plight will lead to increased interest, not only in gold, but also in a 100 percent banking system grounded upon a revalued gold stock. In one sense, 100 percent banking is now easier to establish than it was in 1962.
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In "The Case for a 100 Percent Gold Dollar", Rothbard argues that having a currency permanently fixed by law at a certain weight in gold, and always redeemable in gold, greatly incentivizes governments and banks to be much more ethical, civil, and honest in their lending methods, accounting methods, and in their honorable pursuits of ...
- Murray Newton Rothbard
- 1963
23. Mai 2005 · Arrival of a 100 percent gold dollar, either by deflation of dollars to a gold stock valued at $35 per ounce, or by revaluation of the dollar at a “gold price” high enough to make the gold stock 100 percent of the present supply of dollars, or a blend of the two routes.
Those who favor a full gold standard, consisting only of gold coins or gold certificates 100 percent backed by gold. Murray Rothbard puts himself in the last group—possibly its sole present member. This may look at first glance like the most extreme, deflationary and impractical position that could be imagined.
The Case for a 100 Percent Gold Dollar is the title of an essay by American economist Murray Rothbard. First published in 1962 in In Search of a Monetary Constitution the text makes the argument for the gold standard and shows how it can be restored in a practical, step-by-step plan.
The Case for a 100 Percent Gold Dollar. Murray N. Rothbard. 4.14. 104 ratings9 reviews. Free Download. Rothbard not only argues for the gold standard; he shows how it can be restored in a practical, step-by-step plan. No other system will stop the seemingly endless monetary inflation of the Federal Reserve system.
